NEW
Font size
S
M
L
XL
Worksheets6th Grade Financial Literacy Vocabulary
Total questions: 20
Worksheet time: 46mins
Name
Class
Date
1.
(6.14E) How long will a negative credit action usually remain on a credit report?
a)
4 years
b)
7 years
c)
10 years
d)
15 years
2.
There are various methods in which to pay for your purchases. Paul used a type of card to pay for his purchase that withdraws money immediately from his checking account. What is this type of payment card called?
a)
credit card
b)
debit card
c)
401 card
d)
savings plus card
3.
Sally goes to the bank. She puts her babysitting money in her account. Sally has made a
a)
Deposit
b)
Withdrawal
4.
You can be charged a late fee if the payment is not made within the due date.
a)
Credit card
b)
Debit card
c)
both
5.
In New City, Texas, the sales tax rate is 8.15%. How is this represented as a decimal?
a)
8.15
b)
0.815
c)
0.0815
d)
0.00815
6.
Which person is most likely to be offered a loan, if the decision was solely based on their credit scores?
a)
M. Spiller
b)
B. Murphy
c)
S. Thorne
d)
W. Myers
7.
If Sammy’s expenses are greater than his income, what must he do to balance his budget?
a)
Earn more money
b)
Spend less money on expenses
c)
Earn more money AND spend less
d)
None of the above
8.
What is a plan for how you spend your money?
a)
income
b)
sales tax
c)
budget
d)
deposits
9.
What are useful or valuable things, like property, a car, a home, or money?
a)
budget
b)
income
c)
net worth
d)
assets
10.
What is a loan?
a)
A fee for maintaining or servicing your loan account
b)
Money you borrow but must also repay
c)
Something valuable that you own and can sell for cash
d)
The cost of borrowing money
11.
Money deducted from an account is known as a...
a)
Withdrawal
b)
Overdraft
c)
Insufficient Funds
d)
Reconcile
12.
Which bank is better for me? I pay for lunch 20 times a month with my debit card. I do not write checks or use the ATM.
a)
State Bank
b)
Bank of Texas
13.
What would be my monthly costs if I chose to bank at Bank of Texas and use my debit card 20 times to pay for lunch?
a)
$10.00
b)
$2.00
c)
$20.00
d)
$4.00
14.
What is the starting balance on this check register?
a)
4720.33
b)
4500.00
c)
4500.75
d)
4320.00
15.
Scholarships and grants are available for many college students, and they...
a)
have deferred payment
b)
give students a job to help pay
c)
don't have to be paid back
d)
have a low interest rate
16.
True or False: The number of times a DEBIT card is used is on a credit report.
a)
True
b)
False
17.
A plan for spending
a)
income
b)
expenses
c)
sales tax
d)
budget
18.
Which type of expenses are these, rent, car payment?
a)
Crazy bills
b)
Variable expense
c)
Fixed expense
19.
All of the following can appear on your credit report, EXCEPT
a)
Salary
b)
If you've been arrested
c)
Money you borrowed from your aunt
d)
The number of credit accounts you have open
20.
If a school counselor earns $63,600 per year and an assistant principle earns $83,500 per year, how much more would would the assistant principal earn than the school counselor over 10 years?
a)
$20,900.00
b)
$19,900.00
c)
$199,000.00
d)
$398,000.00
Reset
